NEWS· 1 min read
Swiss producer inflation rises
Switzerland's producer price index (PPI) increased 0.9% year over year, returning to positive territory after a 0.2% decline in the previous period.
The figures indicated that annual producer price deflation had ended, suggesting renewed upward pressure on production costs.
On a monthly basis, producer prices rose 0.9%, accelerating from the previous 0.3% increase. The rise in both monthly and annual producer prices suggested strengthening inflationary pressures in Switzerland and could influence expectations for future monetary policy decisions by the Swiss National Bank (SNB).